Uber’s big earnings, layoffs at Robinhood, and Hong Kong tech firm stock soars
Reduced Covid-19 fears helped Uber rake in $8 billion dollars in revenue. Passenger trips in early spring and summer rose 25% over last year, up to $1.8 billion.
There have been more layoffs at Robinhood. The stock trading service is getting rid of nearly one quarter of its full time staff. Its CEO blamed inflation and a crypto market crash. Robinhood but 9% of its workers in April.
The stock for a tech firm based in Hong Kong has gone up 20 thousand percent in one month. If you had invested a thousand dollars in this company last month, you’d have more than 200-thousand dollars now! Problem is you’ve probably never heard of the company! It’s called “AMTD digital.” It went public last month and the company admits it hasn’t done anything remarkable since then! Day traders using online forums on Reddit and Twitter apparently just like the company.